Buenaventura Mining Company Inc. $BVN Stock Position Lifted by Sei Investments Co.

Sei Investments Co. grew its holdings in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 11.2% during the first quarter, Holdings Channel.com reports. The firm owned 405,295 shares of the mining company’s stock after buying an additional 40,783 shares during the quarter. Sei Investments Co.’s holdings in Buenaventura Mining were worth $14,607,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Banque Cantonale Vaudoise bought a new position in Buenaventura Mining in the 1st quarter valued at about $45,000. Smartleaf Asset Management LLC raised its position in shares of Buenaventura Mining by 1,725.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,917 shares of the mining company’s stock worth $55,000 after buying an additional 1,812 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Buenaventura Mining during the 2nd quarter worth about $32,000. Rockefeller Capital Management L.P. lifted its stake in shares of Buenaventura Mining by 199.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,449 shares of the mining company’s stock worth $96,000 after acquiring an additional 2,298 shares during the period. Finally, Headlands Technologies LLC lifted its stake in shares of Buenaventura Mining by 60.9% in the 2nd quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock worth $62,000 after acquiring an additional 1,424 shares during the period.

Buenaventura Mining Stock Up 5.6%

NYSE BVN opened at $31.90 on Friday. Buenaventura Mining Company Inc. has a 12 month low of $16.90 and a 12 month high of $44.67. The company has a market capitalization of $8.09 billion, a P/E ratio of 8.29 and a beta of 0.42. The company’s 50 day simple moving average is $31.69 and its 200 day simple moving average is $34.52. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.01 and a quick ratio of 1.88.

Buenaventura Mining (NYSE:BVN) last issued its earnings results on Thursday, April 30th. The mining company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.23. The firm had revenue of $624.56 million during the quarter, compared to analysts’ expectations of $666.00 million. Buenaventura Mining had a net margin of 47.72% and a return on equity of 24.89%. Equities research analysts expect that Buenaventura Mining Company Inc. will post 4.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on BVN shares. Scotiabank lowered their price objective on shares of Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Weiss Ratings downgraded Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Morgan Stanley decreased their price target on Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Buenaventura Mining presently has an average rating of “Moderate Buy” and a consensus price target of $37.25.

Buenaventura Mining Profile

Compañía de Minas Buenaventura SAA. (NYSE: BVN) is one of Peru’s leading precious metals producers, primarily engaged in the exploration, development and operation of gold, silver and base metal mines. Headquartered in Lima, the company’s core activities cover the entire mining cycle from concession acquisition and project evaluation to extraction, milling and metal refining. Buenaventura also holds interests in smelting, refining and trading services, enabling it to market its products both domestically and internationally.

The company’s principal assets include several operating mines in Peru such as Uchucchacua (silver-lead-zinc), Orcopampa (gold-silver) and the Tambomayo gold mine.